.Ripple has denied settling with SEC_Enforcement
Garlinghouse did not rule out settling with the SEC, but that would require recognizing XRP as a nonsecurity. Such a condition is likely to be a nonstarter for the plaintiff.
Ripple unsuccessfully attempted to settle with the SEC before the company got hit with the lawsuit in December 2020.Earlier this month, peer-to-peer content distribution network LBRY, a Ripple ally, lost a similar lawsuit against the SEC. However, XRP proponents continue to believe that the precedent-setting ruling does not necessarily bode well for Ripple's chances.
Earlier today, Stuart Alderoty, Ripple's general counsel, slammed the SEC for repeatedly trying to"cajole market participants" to register with the regulator.
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